A 6-percent strengthening of the ruble by the end of 2003 would be a pretty good result, Russian Central Bank Chairman Sergey Ignatyev declared today. According to him, this is the most suitable variant amid high world oil prices.
Ignatyev added that in 2003 the Central Bank's tasks were to decrease the inflation and prevent the ruble's sharp strengthening. Although these goals are contrary, the Central Bank will try to achieve the set tasks, Ignatyev pointed out.
The Central Bank Chairman also mentioned that according to preliminary estimations, the ruble real rate strengthened by 3-3.5 percent in the first three months of this year. The inflation rate was 5-6 percent in the first quarter of 2003.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
Not that long ago, American soldiers would train their skills to counter insurgent and partisan military organizations. These days, they are trained to show resistance to the regular army of a potential adversary
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America